Retirement Advice in the Trump EraBy
A federal judge in Texas did President Trump a favor last week. It came in a decision in a case filed by the financial industry against the Labor Department to overturn an Obama-era regulation called the “fiduciary rule,” which requires financial advisers to put their clients’ interests first when giving advice and selling investments for retirement accounts.
The judge, Barbara Lynn, called the plaintiffs’ objections “without merit,” “unpersuasive” and “at odds with market realities.”..
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